Food delivery financing peaked in 2015 with 99% year-over-year growth in deals and over 180% growth in dollars. A single corporate minority round of $1.2B to Shanghai-based Ele.me, by Alibaba Group and Ant Financial, boosted the year’s funding total. However, deals and dollars still would have skyrocketed without it.
So far this year, food delivery startups have raised $946M across 86 deals. If financings continue at their current rate, sector deals will fall well below last year’s level and dollars may slip below 2014 totals.